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Comment by mdp2021 | Hacker News Reader

mdp2021·

> Once you have a system that monitors your driving proficiency ... Insurers

It's already working like that. Some insurance companies sell you products including a physical "monitor" (GPS based, I believe) that will evaluate your driving: the price of insurance will differ.

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Those obd2 port dongles have been on the way out for a few years. Too expensive. Insurers just use and app on your phone to collect data on driving for those who opt in. But that’s only for now. Ford and Tesla are leading the way with the on board data. The dongle was a Hacky work around to begin with, so now it’s being removed from the loop and maybe the car mfgs will be able to charge a fee to insurers.

Or they'll start selling insurance themselves. With that data they can undercut the rest of the market.

They may and I’ve heard they’ve tried before, but insurance is a highly different industry outside their core, and they will at least have to partner with an insurance carrier if they don’t want to write other mfgs for which they have zero data access. Otherwise Having 3 different insurance companies because one has different car brands would be an awful customer experience and pricing driver risk would get double billed

Insurance is bundled with Volvo's subscription service offered on some models.

https://www.volvocars.com/us/care-by-volvo/

CA and TX...

https://www.tesla.com/insurance

No need for a physical monitor, just install an app on your phone!

https://www.intact.ca/qc/en/personal-insurance/vehicle/car/m...

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